now it is time to raise the debt ceiling again and we have yet to cut one dime from the last agreement. spending is the problem we have to address that problem. bill: now democrats have shown their hand a little bit where they are on this issue for the next round, the next debate. where are republicans when it comes to spending? >> well, we have laid out several plans. we have done a budget in the house that actually gets to balance. the senate hasn't even done a budget in three years. one of the things i think we should require, okay, senate, before we increase the borrowing authority of this country why don't you actually put together a plan? think about this. i have said this before. think 18-year-old maxes out credit card. first thing you do cut up the credit card and put them on a budget. what this president said no, give me a new credit card. we don't want to do a budget. harry reid has it done one in three years. do a budget and we'll give you a menu of spending reductions you can put in place. you choose, mr. president. some are ones that you suggested. some came from simpson-b